Treasurer's Report Finance Board is an extension of Tribal Council tasked with overseeing the Band’s financial resources to ensure efficient and responsible utilization. The current Finance Board members took office in August 2021. The Finance Board consists of the following Board Members: Chairman John Morseau; Vice-Chairman Steve Winchester; Secretary Alex Wesaw; Member Brandon Rapp; and Member Sam Morseau. Throughout 2021, Finance Board achieved great success by increasing the Band’s cash position and investment accounts to the largest balances since the Band’s federal reaffirmation. The Band possesses sufficient savings to operate government services for several months in case of a financial emergency. In 2022, Finance Board will continue to work towards building a selfsufficient financial future through prudent saving and investment. In 2021, Finance Board achieved an unprecedented level of saving and investment for the Band. The Band increased its unrestricted cash and investment balances by over $44 million in 2021 to end the year with unrestricted cash and investment funds of $76.5 million. The 2021 increase in unrestricted funds is more than double from $32.1 million at the end of 2020 and almost triple the $26.7 million at the end of 2019. The unrestricted cash balances do not include the Burial Fund nor the 2028 Debt Reserve Fund as these funds should be considered restricted since those funds serve a specific purpose. The increased cash and investments were the result of continued budget reductions from pre-pandemic levels, increases in RAP payments to the Band from the casino, and good investment performance for the year.
shonya béméndêk ė zhëwébêk TREA SURER HA P P ENINGS
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POKÉGNEK BODÉWADMIK
